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Are Closing Costs Tax-Deductible?

Most home purchase closing costs are not tax-deductible, but mortgage interest, discount points, and prepaid property taxes may be deductible if the buyer itemizes.

Real estate

fromSFGATE

1 month ago

When Co-Owning a Home, Know These 5 Things About Tax Season

Co-owners can claim mortgage interest and property tax deductions based on actual payments, not solely on legal ownership, with thorough records and CPA guidance.

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#mortgage-interest#mortgage-interest

Are Closing Costs Tax-Deductible?

When Co-Owning a Home, Know These 5 Things About Tax Season

#mortgage-interest
#mortgage-interest